Common use of Reduction of Revolving Credit Commitment Clause in Contracts

Reduction of Revolving Credit Commitment. Borrower may, from time to time, on not less than five (5) Business Days advance notice to Bank, voluntarily reduce the Revolving Credit Commitment, provided that: (i) each such reduction shall be in amount of One Million Dollars ($1,000,000) or a larger multiple of Five Hundred Thousand Dollars ($500,000), and (ii) the Revolving Credit Commitment, as so reduced, shall not be less than the aggregate amount of the Revolving Loans and Letter of Credit Usage at the time outstanding.

Reduction of Revolving Credit Commitment. Borrower may, from time to time, on not less than five three (53) Business Days advance notice to Bank, voluntarily reduce the Revolving Credit Commitment, provided that: (i) each such reduction shall be in amount of One Million Dollars ($1,000,000) or a larger multiple of Five Hundred Thousand Dollars ($500,000), and (ii) the Revolving Credit Commitment, as so reduced, shall not be less than the aggregate amount of the Revolving Loans and Letter of Credit Usage at the time outstanding.

Reduction of Revolving Credit Commitment. The Borrower may, may at any time and from time to time, on not less than five (5) Business Days advance notice to Bank, voluntarily time permanently reduce the Revolving Credit CommitmentCommitment in whole or in part upon at least three (3) Business Days’ written notice to the Lender, provided that: (i) each such reduction which notice shall be in specify the amount of One Million Dollars ($1,000,000) or a larger multiple any such reduction, provided, however, that the amount of Five Hundred Thousand Dollars ($500,000), and (ii) the Revolving Credit Commitment, as so reduced, shall Commitment may not be less than reduced below the sum of the aggregate outstanding principal amount of the Revolving Loans and Letter the aggregate undrawn amount of Credit Usage at the time outstandingall outstanding Letters of Credit.

Reduction of Revolving Credit Commitment. Borrower may, from shall have the right at any time to time, on not less than five (5) Business Days advance upon at least seven days' prior written notice to Bank, voluntarily the Bank to reduce the aggregate amount of the Revolving Credit Commitment; provided, provided that: (i) that the amount of each such reduction shall be in a minimum aggregate amount of One Million Dollars ($1,000,000) 1,000,000 or a larger an integral aggregate multiple of Five Hundred Thousand Dollars ($500,000)500,000 in excess thereof, and (ii) that no such reduction shall reduce the Revolving Credit Commitment, as so reduced, shall not be less than the aggregate amount of the Revolving Loans and Letter Credit Commitment to less than the unpaid principal balance of the Revolving Credit Usage at the time outstandingLoan.